News & Press: Power Retail News

Amazon Surprises No-One: Becomes Second-Most Valuable Company in the US

Tuesday, 3 April 2018  
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In the past 12 months, Amazon has had a market growth of 85 percent, with 35 percent of that in this year alone.  Last Tuesday, as their shares continued to grow, Amazon’s market value reached $768 billion and individual shares a whopping $1,586.51 a pop. Amazon is now the second most valuable, publicly traded company in the US.

Why the astronomical growth in the last 12 months, let alone three of this month? Experts believe their growing and profitable cloud computing business has meant investors are stockpiling into the business; Read more...